New Board Crucial to NNPCL’s Transformation – Lokpobiri
Minister of State for Petroleum Resources (Oil), Sen. Heineken Lokpobiri yesterday said the reconstitution of the board of Nigeria National Petroleum Company Limited (NNPCL) was a strategic decision towards further repositioning of the national oil company.
Lokpobiri spoke as many other groups, including Arewa Youth Consultative Forum (AYCF), Northern Awareness Network (NAN), Women in Energy Network (WIEN) and Nigeria Olympic Committee (NOC) hailed the change in the leadership of NNPCL.
Lokpobiri said the appointment of Engr Bashir Bayo Ojulari as the new Group Chief Executive Officer and Mr Ahmadu Kida as chairman as well-considered appointment.
President Bola Tinubu had on Wednesday announced the reconstitution of the board of NNPCL.
Lokpobiri commended President Bola Tinubu for making strategic appointments in line with the provisions of the Petroleum Industry Act (PIA).
He stated that the decision would further strengthen the legal framework governing the oil and gas sector, ensuring greater efficiency, accountability, and competitiveness.
“This is a crucial step toward further repositioning NNPC Ltd to meet the demands of the evolving global energy landscape,” Lokpobiri said.
He expressed optimism that Ojulari and his team would significantly grow NNPC Ltd from their vast experience” in achieving our national energy objectives.”
The minister reaffirmed the commitment of the Ministry of Petroleum Resources to continue collaborating with NNPC Ltd’s leadership in delivering on its mandate.
He also called on industry stakeholders, investors, and partners to support the new management team in advancing Nigeria’s oil and gas sector.
Said he: “I urge all stakeholders to rally behind this new leadership as we work together to enhance production capacity, optimise value across the petroleum value chain, and secure a sustainable future for the sector.”
Meanwhile, Women in Energy Network (WIEN) applauded the appointment of the new board but sought for the inclusion of more women.
Its President, Eyono Fatai-Williams, in a statement said the appointment had brought on board a group of highly respected professionals to inject fresh perspectives and energy into the realisation of Nigeria’s national energy and economic aspirations.
“This strategic reconstitution comes at a pivotal moment for the energy sector, one marked by transformation, diversification, and an ongoing transition toward sustainability.
“WIEN is pleased to note the appointment of a new Group Chief Executive Officer and the constitution of an 11-member team, led by a non-executive chairman, to steer the direction of NNPC Limited. Additionally, the inclusion of six non-executive directors representing Nigeria’s geopolitical zones, as well as representation from the Ministries of Petroleum Resources and Finance, signals a broad-based approach to tackling the challenges facing the sector”, the statement stated,” she said.
According to Fatai-Williams, these appointments, made in accordance with Section 59, Subsection 2 of the Petroleum Industry Act, 2021, are expected to enhance operational efficiency, restore investor confidence, increase local content, boost economic growth, and advance the commercialization and diversification of gas resources. In light of the current economic challenges, particularly the foreign exchange squeeze and inflationary pressures, the need for effective leadership and strategic vision in the energy sector has never been more urgent.
WIEN also acknowledges the significant progress these appointments represent within the broader framework of energy sector reforms. These reforms, Fatai-Williams said, were crucial for attracting sustainable investments that will stimulate both oil and gas production and the development of local refining capacity.
“We specially thank Mr. President for the appointment of Mrs. Lydia Shehu Jafiya, Permanent Secretary, and Federal Ministry of Finance to the board as the only woman in the 11-member board. We extend our congratulations to her and assure her of our full support.
As we enter a new chapter under the leadership of President Bola Ahmed Tinubu, the Renewed Hope Agenda offers a transformative vision for Nigeria’s future. This vision emphasizes creating opportunities for all Nigerians, particularly women, to thrive in every sector of the economy. It underscores the commitment to gender equality and inclusivity, recognising the immense contributions of women across various spheres of society”, Fatai-Williams stated.
However, while the objectives of the Renewed Hope Agenda are commendable, Fatai-Williams said the Women in Energy Nigeria were deeply concerned about the current composition of the newly appointed NNPC board. “Despite the President’s progressive agenda for his administration, the board’s lack of sufficient female representation is a stark contradiction to the commitment of ensuring 35per cent gender representation in leadership positions, as outlined in his plan,” she stated.
According to Fatai-Williams, the absence of women on the NNPC board not only perpetuates a gender imbalance but also fails to recognise the invaluable role that Nigerian women have played, and continue to play, in the energy sector. “Women in Nigeria have consistently demonstrated excellence and innovation in energy-related fields, making significant contributions to the industry’s growth and development. Yet, their voices remain underrepresented in the key decision-making spaces,” she stated.
WIEN urged Tinubu and the administration to ensure that the principles of the Renewed Hope Agenda were reflected in every aspect of governance, particularly in the energy sector, where gender equity is not just an ideal but a necessity for sustainable development, it is vital that women are not only included but are empowered to lead at every level, she added.
This, Fatai-Williams said would not only enhance the industry but would also set a precedent for future generations, where equality in leadership is not merely aspirational but a reality.
“WIEN remains committed to advocating for the full inclusion of women in leadership and decision-making roles across Nigeria’s energy sector, and we look forward to continued dialogue and action in achieving this important goal. It is with this in mind that WIEN respectfully calls upon President Bola Tinubu to consider the inclusion of qualified women in the NNPC Limited board and all boards within the Nigerian energy sector,” Fatai-Williams stated.
She also urged the leadership of the National Assembly and other relevant government agencies to support the President in addressing this gender imbalance, ensuring that the full potential of Nigeria’s energy sector was realised.
Similarly, the Nigeria Olympic Committee (NOC) says it is excited by the appointment of its treasurer, Musa Kida, as the Board Chairman of NNPC Ltd.
NOC president, Habu Gumel, said yesterday in a statement issued by Tony Nezianya, the Public Relations Officer of NOC.
Gumel described the appointment of Kida as a remarkable achievement to the Nigeria Olympic Movement.
“This remarkable achievement speaks to your exceptional leadership, dedication and vision in sports, both as the President of the Nigeria Basketball Federation, the Treasurer of NOC, and in the broader corporate governance landscape.
“Your commitment to excellence and ability to inspire those around you have set a powerful example for many.
“We look forward to seeing the positive contributions you will make in this pivotal position.
“As you transition into this new role, we are confident that your vast experience and innovative mindset will drive impactful changes within the NNPC by furthering the development of Nigeria’s energy sector.
“We are excited about the future of Nigerian basketball and the NNPC under your stewardship.
“Your hard work and dedication are commendable, and we wish you all the success in this new career chapter,” Nezianya quoted Gumel as saying.
Meanwhile, Northern groups under the auspices of Arewa Youth Consultative Forum (AYCF) and Northern Awareness Network (NAN) have congratulated Kyari upon his retirement from the position of GCEO of NNPCL), following his commendable tenure under both Presidents Muhammadu Buhari and Tinubu’s administration.
President General of AYCF Yerima Shettima and Chairman of NAN Salihu Suleiman in separate statements while reflecting on Mr. Kyari’s numerous accomplishments, said it is evident that his leadership has significantly transformed the Nigerian oil and gas sector, and setting a solid foundation for future growth and sustainability.
According to the youth leaders, since his appointment on July 8, 2019, Mr. Kyari has been a beacon of innovative reforms, guiding the NNPCL with a robust operational blueprint that has not only reduced costs but also improved profitability for the national oil company.
“His strategic focus on operational efficiency and transparency has marked a significant departure from the past, ushering in an era of accountability that has been long overdue for an organization historically plagued by corruption and mismanagement.
“Under Mr. Kyari’s visionary leadership, the Transparency, Accountability, and Performance Excellence (TAPE) agenda has effectively dismantled the culture of opaqueness that once characterized the NNPC. This transformative approach has fostered a new culture within the organization, one that prioritizes integrity and performance, thus restoring public trust in the management of Nigeria’s oil resources”.
Shettima on his part averred that one of the most notable achievements during Mr. Kyari’s tenure has been the partnership with Italian oil giant Eni to rehabilitate and upgrade our nation’s refineries, adding that with a target of achieving full production capacity by 2023, this initiative not only promises to enhance local refining capabilities but also aims to significantly reduce Nigeria’s reliance on imported petroleum products which is a critical step towards energy independence and economic self-sufficiency.
“Moreover, Mr. Kyari has overseen the establishment of a new trading subsidiary and a crude oil marketing division, alongside the implementation of a cutting-edge performance management system. These initiatives have streamlined operations and enhanced the NNPC’s competitiveness in the global market, positioning Nigeria as a key player in the oil and gas industry.
“In addition to these operational reforms, Mr. Kyari has been a champion for environmental sustainability. His commitment to increasing domestic gas utilization, reducing the energy mix, and minimizing the carbon footprint of the NNPC has led to the development of new gas infrastructure and the expansion of existing facilities. Under his guidance, Nigeria has emerged as the largest producer of Liquefied Natural Gas (LNG) in Africa and ranks among the top ten producers globally.
“This not only enhances our energy security but also opens up new avenues for economic diversification through the promotion of gas-based industries, including petrochemicals and fertilizers.
As Mr. Kyari embarks on the next chapter of his life, the AYCF acknowledges the indelible mark he has left on the Nigerian oil and gas sector”.
Shettima also said, Kyari’s dedication, integrity, and visionary leadership have not only transformed the NNPC but have also contributed to the broader goals of national development and economic prosperity.
“We wish Mr. Mele Kyari all the best in his future endeavors and hope that his legacy of excellence will inspire future leaders in the oil and gas sector. We also hope his successor would continue with the development phase set by Mele Kyari”.
AYCF also said it remains committed to supporting initiatives that promote transparency, accountability, and sustainable development in Nigeria, as we collectively strive for a brighter future for our nation.
On his part, Suleiman said, “one of the most notable achievements during Kyari’s leadership was the successful settlement of a $2.4 billion debt with international oil companies (IOCs). This long-standing financial burden had hampered the growth and stability of Nigeria’s oil sector for years. Clearing this debt not only liberated NNPCL from financial constraints but also positioned the company as a debt-free entity, fully prepared for sustainable investment and growth”.
NAN said such a milestone is a testament to Kyari’s strategic foresight and dedication to fostering a robust economic environment.
It further stated that Kyari’s tenure also witnessed the complete removal of fuel subsidies, a bold move that, while initially challenging, has liberated resources and opened avenues for investment, adding that the reform has created a more stable economic landscape, allowing NNPCL to focus on its core activities, including improving gas infrastructure and expanding renewable energy efforts.
“These initiatives reflect Kyari’s understanding of Nigeria’s broader economic potential and his commitment to positioning the nation as a regional energy leader.
“Furthermore, Kyari’s extensive experience in the oil industry, having held key positions under multiple administrations, has earned him the trust of various leaders. His ability to steer NNPC into becoming a limited liability company significantly improved its financial stability and operational efficiency, setting a precedent for future management. The remarkable strides made under his leadership have not only enhanced Nigeria’s energy security but have also attracted foreign direct investment (FDI), with a historic milestone of $17 billion achieved during his tenure.
“The recent initiatives introduced by Kyari have addressed critical challenges that have historically plagued Nigeria’s oil sector, including crude oil theft, infrastructure decay, and investment constraints. By implementing strategic measures aimed at boosting oil and gas production, securing energy supply, and improving efficiency, Kyari has laid the groundwork for a more resilient and prosperous oil industry.
“As Mele Kyari steps into retirement, the Northern Awareness Network expresses its profound gratitude for his contributions and unwavering dedication to the betterment of Nigeria’s oil and gas sector. We wish him all the best in his future endeavors, confident that his legacy will continue to inspire and guide the new management of NNPCL.
“Looking ahead, we are optimistic that the incoming leadership will build upon the reforms initiated by Kyari and President Tinubu. The commitment to transparency, efficiency, and sustainability must remain at the forefront of NNPCL’s agenda. The path forward is filled with opportunities, and it is imperative that the new management embraces the vision established by Kyari to ensure the continued growth and development of Nigeria’s oil sector” NAN reiterated.
